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October 18, 2022, 04:12:46 PM |
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Store of value, medium of exchange, and unit of account. Bitcoin is a medium (not widely used, I know that you know), store of value(sure) it has proved in Latin America. Now, unit of account, I do not understand Btc as I understand $, 20USD would give me a pretty good idea of what I can buy around the world, but BTC, the symbol is like a language, we have to learn etc.. I am lazy so I would like to propose a way more faster, that even a Chinese and an American totally understand the symbol which I would like to share with all of you. The metric system was born like Bitcoin was born, both of them as full frustration from the system, a revolution. This system of measure was accessible to anyone who would like to access as a system of exchange easily understandable. The meter was born then the kilogram came. And both of them have created many types of scientific units etc... Which in other words, m(meter) and kg(kilogram) would stay as long as you can imagine. I would like to buy your mom (oh God, what did I just say, please do not hack me), lets stay serious, What could we put in a mathematical equation to attribute a price to your mom. Standard + subjective value = Price . Standard would be something that can attributed to every type of variables such as computers, humans, animals etc.. all of them are composed of E(energy) which also made of mass. E=mc(square) BTC is only subjective value, fiat system is only subjective value which we attribute prices depending on our irrational, emotional stupid behavior, like a painting of Modiliagni, or Leonardo Davinci for MBS bought for 415 Millions of dollars. This painting mass is about lets say, 15 kg + subjective value (99%) of the price he bought. A cryptocurrency which implements a standard (m) mass could easily asserts us a way of thinking to give a price of something, even something never thought before. Want to discuss more, do not waste my time as I did not waste yours, Telegram @TellAsmar
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